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<br />-=-�:�K`' "`�_:.-,; 1D�lEl�OH T�tU�7'ACI�.N0�1Vl���G�Ni�N'�'ARtD TR�JSIC D�;EI�
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<br /> __ ' '`c�r.� � ��u,� GarAd.� T. tt�Y And t�atty J. RaY, hueband anB wif'o Qe �oint eonante�-Trustor')andcr that ccrtnin
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<br /> ..�'-=:.��,.�'..: Nov�smb�r 22. 1994 •
<br /> ----.��.:5„r:�,y;>�„ Decd of Trust datcd._ _,— {"Uccd ol Trust"1 to bc cntcrcd into •<,.-
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<br /> � ^�, ' ar,d Seour.itg Pr�ciPic Pfmancial sorvices, Ina. _ �'QcneficE;uy")hcrctry �,'��''.
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<br /> �� 'I...;.` .-'. • recknowicdge that it is understooJ thai(n)�he Oced of'feust to be exeeuted by'Gustor is a trust dced und not m m�rtgage¢nd(b)the po�vCr oP sale providcd ,�,;;r
<br /> � • for in thc Decd of Trust pmvidcs substantialty diffcrent righu nnd obiigaiiong to the 1Yustor thnn a mor[gagc in thc event of n dcf.�u:t or brcach�f obligation. ��,4;;�.
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<br /> :�;, • ' Trustor ncknowl;.dges that this Ac�nowledgcmcnt was madc prior to ihe cxccution of'the QccJ uf Trus4 �_�_�-
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<br /> � �� � Executed and dclivered this 22n8 day of. NOVembr3r �q 9� ��
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<br /> "-_ : i Trustor Gertil8 T. Ray —
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<br />— • Trustor �y . Ray -r-
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<br /> 9 - . TRUST DEED - — �:�
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<br /> � TI1[S DF.CD OF TRUSi;made and cntered into this 22nd day of November � �,1994 '-
<br /> bynndbecwcen Gerald T. Rav and Bettv J. Ray,__,Truscor,and Nations Title Insurance Company_ ,Truscee, - -
<br /> ;* �� •� • „ 1 Husband and wife as �oint tenants
<br /> �, �d Securitv Pacific_L�ina_ncial Servicee.inc.,Bcn:Sciary;
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<br /> � WIl'NESSETH: That thc Trusror docs by these prcsenis grnnt, bargain nnd seil, cumzy and consmi with Powcr of S�1c vnto thc Truiteo -
<br /> •'�� `` � the followinyi described Rcal Estate including nit buildings, improvemen�s, nnd fixcurce of every kind now or hereaRer erccud or pluad on the '-
<br /> - tra!estate.situated in Sa11 County,in the State of Nebras{ca -
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<br /> " �'� �'� � Lot 7, Argo Fourth Subdivisian in tho Village oE Alda, IIall County, Nebraska. �N
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<br /> �� ', .> and posussion oP satA properry is now delivercd unto isaid'Itustce:
<br /> =��� . TO HAVC AND'�0 HOIA thc samc,with nll rights,privilcgcs,and appurtcnanccs thcaro bclonIIing unro thc Trustce,his executon,adniin(stmtors,l�cire,
<br /> nnd ussigns fo�vcr.And thc Tnistor hercby exprcssly waivca rele�.,ea and rclinquishes unto thc Trustce all right.Citic,c1:11m,intcrcst,b:ncfit,;uid cstatr,whatcvcr,
<br /> ;•��,� in and ro Uu ubove-described property and cacli and e�•ery part thercof,�vhich is given by or rcsWts front al1 l:tvrs of tho State of�Nebtaska pertuininB ta the
<br /> '.:� •� cxcmption uf homcstcad.And the Trustor covcnants�vith thc l'rustcc that hc will forcver�varmnt and dcfend thc title to thc snme c�ainst the iawtLl claims
<br /> of alt persons whomsocvcr.
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<br /> �•� , � " IN TRUSi'HOW1L'VCIL for thc follotivinII dcscribcd purposcs:Tu sccun:(idl�nd promP�P��onnance of nll�hc tcrms and condiauns of that `
<br /> �� ❑ Re��oliing Loan Aarcement o(even date herewith(includm�particularly,but not exclusively.prompl piymcnt uf all sums�vhich urc ur may become
<br /> � paqable from time to tirne tltercunder)which Revulvina Loan ABreement obliltates lkneficiary,subjec[ro the conditions stnted thercin,to advance w Trustor
<br /> •;� � . up to S ,plus financc anJ othcr char�cs(said Rcvulvinp Lu:+n Aarccment ih hcrcinaRcr rcfrrrcd to as'notc").(or) I �
<br />- ` ' � Nutc uf evcn date hercwiih,in the principal sum uf U.S.S �019.3 B �,y:1ble in munthly insiallmcnts uf principal;md intcrcst,�vuh thc I
<br /> � . balancc uf thc indcbtc�Luss,if not sauner paid,duc and payaAlc on Novemb�r 28 �9 99,and any cxtcnsions,rc�zcwals,modificauons
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<br /> � It is�eed by:md bch�ecn Uar:ics heretu that until filin�uf Nutice uf Defuult,the Trustur shall:(I)pay all prrsent nnd fumrc i:ixes:�nd assessments, ;
<br />' gencraf and speci;t�.:Lainst c�iJ property bcfurc the same bccumcs delinqucnt or actionab7e:(Z)kccp all impnrvemcnts crcctcd on ihe land insurcJ as may bc �
<br /> r.quin.d Gum timc ro timc by bencGciary:�aiust luss by lirc and utlicr ha�anls, casualtics and cuntmycncics, m such amuunts nnd fur tiuch perwds as arc
<br />. rcasunalftc mtd m�y bc rc�uircJ by bcncfici�rl'•3��J tu kccp all policics uf n�clt msur.�ncc m furcc or cffcct u�sou thc pruperty hcrcm dcscnhed cunstantly assi�ned
<br /> nr.J dcti�,md tu bcncficiary:(1)pay anJ cumply�cith nll tho tcrms:�ud cundiliu�u uf any hen.cluim ur mJcbtcdncs�ihat may hc scmur tu ur taAc prcccdcncc
<br /> ucer this Tcust DceJ as soon ns any such payment on ur of such lien.claim ur indcbtediie�s sh�ll bccoutie Jur;anJ upun f�ilurc uf 1'rustor���keep:my+aid
<br /> �� o3rcerntnts,beneficiary ir.,fy pay sucD hi�.p�y fur such insm;m�e ur pay u0',u�h lienc ur claims ur mdebudness:�5 the case may he.and the muney�u evpended. j
<br /> „ wiih mtcrcst nt 9".S per annum.shult bc sccurcd hy this Trust Uced,ami thc Trustur aarecs tu repay thc�amc npun dcmanJ,and upun G•�ilurc W do xi�hc balancc ,
<br />- uf Ulo al�achcJ nutc shall�ccumc nnmcdf:llCl}+IIUC:lI1lI OdS':IbIC:II INC U�[IVII 0� thc bcncfic�ary:14)xpcafically cunfcr upmt �lic Trustcc tlic po��er of s;dc !
<br /> ,. , c� as proviJcd in Ncbraska law:l51 rctain pocacaswn uf thc prcmiscs anJ cullcci thc rcnts und re�enucs thcrc(rom. !
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